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Unaudited Financial Statements |
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for the Year Ended 30 June 2016 |
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for |
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Hills & Hills Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2016 |
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for |
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Hills & Hills Limited |
Hills & Hills Limited (Registered number: 02268045) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Hills & Hills Limited |
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Company Information |
for the Year Ended 30 June 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Ground Floor, Bury House |
31 Bury Street |
London |
EC3A 5AR |
Hills & Hills Limited (Registered number: 02268045) |
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Balance Sheet |
30 June 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Hills & Hills Limited (Registered number: 02268045) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2016 |
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1. | STATUTORY INFORMATION |
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Hills & Hills Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rent receivable. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Freehold land & buildings - not provided |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date.No deferred tax adjustments have been made for the year. |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 July 2015 |
and 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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The freehold land & buildings comprises the company's investment properties. |
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Cost or valuation at 30 June 2016 is represented by: |
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Land and |
buildings |
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Valuation in 2006 | 3,346 |
Cost | 821,654 |
825,000 |
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If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
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2016 | 2015 |
£ | £ |
Cost | 821,654 | 821,654 |
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Freehold land and buildings were valued on an open market basis on 20 August 2006 by the director . |
Hills & Hills Limited (Registered number: 02268045) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2016 |
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4. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Prepayments and accrued income |
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Amounts falling due after more than one year: |
Amounts owed by associated entities | 439,386 | 439,386 |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Tax |
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VAT | 6,000 | 2,400 |
Accruals and deferred income |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Amounts owed to associated entities | 887,581 | 883,831 |
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7. | RELATED PARTY DISCLOSURES |
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Rents received from Tokyo Diner Limited in respect of a property occupied were £90,781 (2015: £60,000). |
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Management fees paid to Tokyo Diner Limited were of £3,000 (2015: £12,000). |
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At 30 June 2016, the company owed £887,581 (2015: £883,831) to Tokyo Diner Limited. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is R E X Szumlicki. |